MDOTM, a Milan, Italy-based specialist in AI-driven investment strategies, completed €6.2 million in Series B.
The new funds have been raised from institutional investors, private individuals, and leading finance professionals, including Federico Ghizzoni, Chairman of Rothschild Italy and former CEO of UniCredit; Lorenzo Pagani, Managing Director at PIMCO; and Alberto Zaffignani, Managing Director and Head of Global Markets Italy at Natixis. Zaffignani also joins MDOTM as a non-executive board member.
The funds will accelerate MDOTM’s international expansion, double the size of its teams in London and Milan, and see the company open a new office in the US.
Company: MDOTM Ltd.
Raised: €6.2M
Round: Series B
Funding Month: September 2021
Lead Investors:
Additional Investors: Federico Ghizzoni, Lorenzo Pagani, and Alberto Zaffignani
Company Website: https://www.mdotm.eu/
Software Category: AI-driven investment strategies
About the Company: MDOTM was founded in London in 2015 by Tommaso Migliore and Federico Mazzorin to use artificial intelligence to support the investment decisions of asset owners and asset managers. Its AI-driven strategies are used by banks, asset and wealth managers, pension funds, insurance companies, and family offices. This year, MDOTM became the first AI-driven advisor to sign the UN’s Principles for Responsible Investment, joining the leading international network of institutional investors committed to including ESG criteria in their investment process. Thanks to its innovative approach to AI, MDOTM is the only European fintech company to have been selected by Google to participate in its acceleration program. It is also the winner of NTT DATA’s Open Innovation competition. In 2021, MDOTM’s ALICE™ technology - 'Adaptive Learning in Complex Environments' was awarded ‘Asset Management Innovation of the Year’ by AIFiN.
Source: https://www.institutionalassetmanager.co.uk/2021/09/28/306797/mdotm-completes-eur62m-series-b-funding-round